All Forum Posts by: Jeet Sangha

Hello Michael, it's great to have you here! Given your situation, I would strongly suggest considering 2-4 unit multifamily properties as a starting point. These properties allow you to take advantage of low down payment financing options. Additionally, certain lenders may take the rental income from these units into account when qualifying you for a loan.

If you haven't explored the south county area yet, I highly recommend looking into the Gilroy and Hollister markets. Both areas have a strong rental demand, and while property prices have seen a healthy appreciation, they still remain relatively affordable compared to San Jose.

 What is the reason for them denying the insurance? Are you in a high fire zone?

In this scenario, Having umbrella insurance makes sense. It's simpler and cost-effective. 

Hey Pawan, 

Welcome! I see we are in the same area. You’re welcome to reach out anytime to discuss real estate! 

Happy investing.

Hey everyone,

With new listings dropping by approximately 52% from last year in my area, it seems that sellers are holding onto their homes instead of listing them for sale. As a result, prices have only decreased by 4.7%. I'm curious if this trend is affecting investors as well. Are you finding it challenging to locate new deals in this economy? Please share your thoughts and experiences in the comments below.

The California Association of Realtors (C.A.R) plans to launch updated real estate forms that will replace the term 'Landlords' with 'Housing Providers.' This change has been perceived by some as an example of political correctness gone too far. What is your opinion on this alteration?

I think you should at least consult a real estate attorney. Without talking to one, you'll always be in the dark and could worsen the situation by taking a wrong step. 

Gilroy-Hollister REI meetup is geared towards bringing out of the area investors and local investors together. Moreover, It is a great place to meet your local real estate professionals and tradesmen.
This group is all about networking, doing deals, making money, and of course, having fun!

If you are interested in flipping, wholesaling, buy and hold, lending your own money, or if you are starting out and want to learn the business from other investors, this is the group for you.

We welcome and encourage everyone to come join us, whether you are a newbie or have been in the business for a while. We can all learn from each other.

There are a few noteworthy points to mention about Hollister. Firstly, the city is growing quickly, with a 24% increase in population since the 2010 census. To accommodate this growth, a second high school is in the planning stages, as the current high school has exceeded its capacity. Additionally, there is a backlog of 4000 approved homes waiting to be built in the area, and new businesses are also opening up. The only potential downside to living in Hollister is the traffic, since many residents commute outside of the city. However, there are plans in place by Caltrans to expand highways 25 and 156, which are the main arteries connecting Hollister to 101.

Hello Siddharth, it might be worthwhile to consider a condo with a low HOA fee to avoid having your cash flow consumed by HOA dues. Have you explored the areas south of San Jose, such as Morgan Hill, Gilroy, and Hollister? These locations are experiencing appreciating property values and high rental demand. Personally, I recommend Hollister due to its relatively low entry point, with new constructions starting at $700k and existing homes starting at low $600k. Average rent for a 3 bed house is $3000-$3400.